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Solana Treasuries Are Booming Like Pi Network

By

Triparna Baishnab

Triparna Baishnab

Solana treasuries hit $1.54B as major companies aggressively accumulate SOL, mirroring early Pi Network success.

Solana Treasuries Are Booming Like Pi Network

Quick Take

Summary is AI generated, newsroom reviewed.

  • Total Solana holdings by public entities now exceed 6.5 million SOL, valued at ~$1.54B.

  • DeFi Development Corp. leads with 2.03M SOL, worth ~$480M after aggressive recent purchases.

  • Upexi IPX holds 2.02M SOL, showing conservative accumulation.

  • Sharps Technology bought 2M SOL in the last month, marking a major new player.

Solana is among the top Layer-1 blockchains in 2025. SOL is now witnessing an influx of institutions into its treasury holdings on a massive scale. The publicly traded companies so far own more than 6.5 million SOL tokens. These are worth about 1.54 billion according to a recent report by CoinGecko. This is a similar trend with the initial Pi Network plan where the first users of the network enjoyed huge gains.

Smaller But Strategic Holdings

Article image

Image from X post Coingecko

The wallet provider Exodus Movement has lower. But more valuable SOL of 43,738 that is worth over 10.3 million dollars. The 9,160 SOL of the last few moments shows that there is a slow but steady increase in interest in the possibilities of Solana as a staking and transaction platform. Lion Group Holding had the lowest position with 6,629 SOL that is worth of $1.57 million. The fact that cost or activity data is not present means that an initial exploration of the potential of Solana. Adding to this, itnot a huge strategic one occurred.

Comparison with Rise of Pi Network

The early success of SOL by institutions can be remembered as the early success of the Pi Network. Pi expanded out of a small mobile mining idea in 2019 to a community of more than 50 million in 2023. Likewise, big SOL buys nowadays indicate that entities believe that Solana will have an important role in the future of decentralized finance and smart contract systems. The technical benefits of Solana, including the possibility to handle up to 65,000 transactions at a time, 7 to 10 percent staking rates per year, are compelling reasons. These characteristics make it appealing to institutional investors that require performance and yield in the volatile markets.

The institutional treasury SOL holdings have now amounted to about 1.2 percent of the total amount of SOL. This percentage though small shows the level of confidence in the future of Solana is considerable and increasing. Moreover, the overall trend of SOL price is on the increase over the past few months with a 12.9 percent growth, which indicates positive markets. Besides, the absence of government treasuries in the dataset is an indication of the adoption of Solana by the private sector at least in the short term.

References

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